The Enforcement Directorate (ED) today said it had issued a provisional attachment order under provisions of the Prevention of Money Laundering Act (PMLA) to seize Rs 26 crore assets, including that of a former NCP MLC, as part of its investigation in a case linked to an alleged fraud of over Rs 71
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Rs 71 cr scam in Shivajirao Bhosale Co-op Bank
One India reports the ED has arrested a NCP politician and three others involved in an alleged money laundering fraud of over Rs 71 crore in Pune-based Shivajirao Bhosale Cooperative Bank promoted by them,
All the four have been arrested under sections of the Prevention of Money Laundering Act (PMLA), at the Yerawada Jail in Pune where they were lodged in judicial custody in the fraud case.
The ED had conducted raids in this case in and around Pune after it filed a criminal case against them based on a Pune Police FIR.
They were placed under arrest, under sections of the Prevention of Money Laundering Act (PMLA), on March 6 at the Yerawada Jail in Pune where they were lodged in judicial custody in the fraud case. The case is also being probed by the local police, the Enforcement Directorate (ED) said.
The accused have been arrested in relation to a money-laundering probe linked to an alleged fraud of over Rs 71 crore in a Pune-based cooperative bank promoted by them
Published: Monday, March 8, 2021, 18:30 [IST]
New Delhi, Mar 08: The Enforcement Directorate has arrested a NCP politician and three of his associates in connection with a money laundering probe linked to an alleged fraud of over Rs 71 crore in a Pune-based cooperative bank promoted by them, the agency said on Monday.
Those arrested include prime accused Anil Shivajirao Bhosale, a former MLC of the Nationalist Congress Party (NCP) and main promoter-director of the Shivajirao Bhosale Cooperative Bank in Pune, another director Suryaji Pandurang Jadhav, chief executive officer Tanaji Dattu Padwal and a person identified as Shailesh Bhosale.
They were placed under arrest, under sections of the Prevention of Money Laundering Act (PMLA), on March 6 at the Yerawada Jail in Pune where they were lodged in judicial custody in the fraud case. The case is also being probed by the local police, the Enforcement Directorate (ED) said.
The name of a former MLC of the NCP has cropped up in connection with a 71-crore scam in the Pune based Shivajirao Bhosale Cooperative Bank.
The ED on Friday conducted raids in and around Maharashtra’s Pune district in connection with its money laundering probe against a local cooperative bank, reports PTI.
Shivajirao Bhosale Cooperative Bank is promoted by former NCP MLC Anil Shivajirao Bhosale. The Enforcement Directorate (ED) claimed that “more than 90 per cent of the loans from the bank are non-performing assets (NPA).
“Anil Shivajirao Bhosale, Jadhav and Padwal by hatching a criminal conspiracy unauthorisedly and illegally transferred the money through RTGS / NEFT from bank,” the ED claimed.